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Side-by-side financial comparison of Alibaba Group Holding Ltd (BABA) and T-Mobile US (TMUS). Click either name above to swap in a different company.
Alibaba Group Holding Ltd is the larger business by last-quarter revenue ($38.8B vs $23.1B, roughly 1.7× T-Mobile US). T-Mobile US runs the higher net margin — 10.8% vs 5.8%, a 5.1% gap on every dollar of revenue.
Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates a diverse...
T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its majority shareholder and namesake is the German telecommunications company Deutsche Telekom. T-Mobile is the second largest wireless carrier in the United States, with 140 million subscribers as of September 30, 2025.
BABA vs TMUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $38.8B | $23.1B |
| Net Profit | $2.2B | $2.5B |
| Gross Margin | 40.2% | — |
| Operating Margin | 6.6% | 20.8% |
| Net Margin | 5.8% | 10.8% |
| Revenue YoY | — | 10.6% |
| Net Profit YoY | — | -15.2% |
| EPS (diluted) | $6.64 | $2.27 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $23.1B | ||
| Q4 25 | $38.8B | $24.3B | ||
| Q3 25 | $34.2B | $22.0B | ||
| Q2 25 | $32.6B | $21.1B | ||
| Q1 25 | — | $20.9B | ||
| Q4 24 | $38.7B | $21.9B | ||
| Q3 24 | — | $20.2B | ||
| Q2 24 | — | $19.8B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.9B | $2.7B | ||
| Q2 25 | $1.7B | $3.2B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $6.8B | $3.0B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | 40.2% | — | ||
| Q3 25 | 39.2% | — | ||
| Q2 25 | 38.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 42.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 20.8% | ||
| Q4 25 | 6.6% | 15.4% | ||
| Q3 25 | 2.2% | 20.6% | ||
| Q2 25 | 12.0% | 24.7% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | 14.7% | 21.0% | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 23.4% |
| Q1 26 | — | 10.8% | ||
| Q4 25 | 5.8% | 8.6% | ||
| Q3 25 | 8.5% | 12.4% | ||
| Q2 25 | 5.3% | 15.2% | ||
| Q1 25 | — | 14.1% | ||
| Q4 24 | 17.5% | 13.6% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 14.8% |
| Q1 26 | — | $2.27 | ||
| Q4 25 | $6.64 | $1.89 | ||
| Q3 25 | $8.72 | $2.41 | ||
| Q2 25 | $5.20 | $2.84 | ||
| Q1 25 | — | $2.58 | ||
| Q4 24 | $20.40 | $2.56 | ||
| Q3 24 | — | $2.61 | ||
| Q2 24 | — | $2.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.3B | $3.5B |
| Total DebtLower is stronger | — | $86.0B |
| Stockholders' EquityBook value | $148.7B | $55.9B |
| Total Assets | $268.6B | $214.7B |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $18.3B | $5.6B | ||
| Q3 25 | $19.0B | $3.3B | ||
| Q2 25 | $20.0B | $10.3B | ||
| Q1 25 | — | $12.0B | ||
| Q4 24 | $22.3B | $5.4B | ||
| Q3 24 | — | $9.8B | ||
| Q2 24 | — | $6.4B |
| Q1 26 | — | $86.0B | ||
| Q4 25 | — | $86.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $78.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $55.9B | ||
| Q4 25 | $148.7B | $59.2B | ||
| Q3 25 | $145.0B | $60.5B | ||
| Q2 25 | $139.2B | $61.1B | ||
| Q1 25 | — | $61.1B | ||
| Q4 24 | $137.2B | $61.7B | ||
| Q3 24 | — | $64.3B | ||
| Q2 24 | — | $62.6B |
| Q1 26 | — | $214.7B | ||
| Q4 25 | $268.6B | $219.2B | ||
| Q3 25 | $264.6B | $217.2B | ||
| Q2 25 | $248.6B | $212.6B | ||
| Q1 25 | — | $214.6B | ||
| Q4 24 | $254.1B | $208.0B | ||
| Q3 24 | — | $210.7B | ||
| Q2 24 | — | $208.6B |
| Q1 26 | — | 1.54× | ||
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.2B | $7.2B |
| Free Cash FlowOCF − Capex | — | $4.6B |
| FCF MarginFCF / Revenue | — | 19.9% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 2.31× | 2.88× |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.2B | ||
| Q4 25 | $5.2B | $6.7B | ||
| Q3 25 | $1.4B | $7.5B | ||
| Q2 25 | $3.8B | $7.0B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | $9.7B | $5.5B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $5.5B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.5B |
| Q1 26 | — | 19.9% | ||
| Q4 25 | — | 17.2% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 20.7% | ||
| Q2 24 | — | 17.6% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 11.3% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 10.3% |
| Q1 26 | — | 2.88× | ||
| Q4 25 | 2.31× | 3.16× | ||
| Q3 25 | 0.49× | 2.75× | ||
| Q2 25 | 2.19× | 2.17× | ||
| Q1 25 | — | 2.32× | ||
| Q4 24 | 1.43× | 1.86× | ||
| Q3 24 | — | 2.01× | ||
| Q2 24 | — | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BABA
| Alibaba China E-commerce Group | $22.8B | 59% |
| All others | $9.6B | 25% |
| Cloud Intelligence Group | $6.2B | 16% |
TMUS
| Postpaid service revenues | $15.6B | 68% |
| Other | $7.5B | 32% |
